Whenever there is talk about an improving housing market, some begin to show concern that we may be headed toward another housing bubble that will be followed by a crash similar to the one we saw last decade.
Continue reading The Real Estate Market is getting Stronger!
Such a wonderful company to work for! As the Official Real Estate Company of the Seattle Seahawks we are excited to announce the #WindermereFoundation will be donating $3,100 from last weeks game to YouthCare as a part of our shared goal to #TackleHomelessness. For each home game tackle by the Seahawks, Windermere will donate $100 to help provide essential services and support for homeless youth.
While homes prices were up by double-digits compared to a year ago, the market frenzy that has affected most of this year is showing some signs of moderating. With the exception of the Eastside, prices for most of the region were down from their peak. Home sales generally outpaced the same period a year ago, but a shortage of inventory continues to tip the advantage in favor of sellers.
There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today.
Despite an uptick in inventory, home prices hit new records in June yet again. A national study showed that home prices are rising faster in Washington than any other state. While lower interest rates provide some relief for buyers, sellers are the real winners. The increase in inventory indicates that more homeowners are starting to take advantage of this historic seller’s market.
Washington State continues to see strong employment growth, outpacing national numbers with an annual rate of more than 3%. Interestingly enough, despite these substantial job gains, the unemployment rate remains stubbornly high at 5.8%. However, I’m not overly concerned about this because it’s largely due to a growing labor force rather than a declining job market. This means that those who are unemployed who had previously stopped looking for work are now resurrecting their job searches because they have confidence in the economy.
This house is offered by Jason E. Cook Real Estate. Contact Jason with any questions you may have 206-280-1911
A peaceful tree-house tucked away near Tiger Mountain. This beautiful home was custom built in 2010. A dramatic family room with an amazing river rock fireplace that soars from floor to ceiling over 20 feet tall! You will fall in love with the flow of the main level living as there is an open concept room that brings mother nature into your life!
Continue reading #Pending Listing at 13421 251st Pl Se, Issaquah
Testimonial from Kristal A. from Sammamish, WA. Kristal shares her story of how Jason E. Cook helped close the deal on the purchase of her dream home, while simultaneously listing the home she was currently living in.
